5220 Cherry Street, Panama City, FL 32404
Local realty services provided by:Better Homes and Gardens Real Estate Historic
5220 Cherry Street,Panama City, FL 32404
$282,500
- 3 Beds
- 2 Baths
- 1,400 sq. ft.
- Single family
- Active
Listed by: jessica j albritton
Office: beachy beach real estate
MLS#:790214
Source:FL_BCMLS
Price summary
- Price:$282,500
- Price per sq. ft.:$201.79
About this home
Opportunities like this are exceptionally rare -- a beautifully remodeled property with MIXED USE zoning that allows you to legally LIVE and WORK in the same space. Whether you're an entrepreneur, small business owner, creative professional, investor, or simply someone who wants flexibility for the future, this property delivers a lifestyle and business opportunity that's hard to duplicate.
Perfectly positioned near Tyndall Air Force Base and just off busy Tyndall Parkway, the location offers both convenience and visibility with strong traffic counts for potential business exposure. Unlike standard commercial zoning, the Mixed-Use designation in this area allows residential occupancy -- giving you the freedom to operate a business without sacrificing the comfort of home.
Inside, the remodel is nothing short of brilliant. Every inch of the space has been thoughtfully reimagined for maximum functionality, flow, and style. The main area of this home features a living room, dining area, remodeled kitchen with quartz countertops and new stainless appliance package and 2 bedrooms and 2 full baths, including a stunning newly created primary suite complete with an ensuite bath and walk-in closet.
On the opposite side of the home, on the other side of the living room, there is a separate flex space with an oversized closet and an exterior door that walks out into the carport, which creates endless possibilities. Use it as a private third bedroom, client office, salon studio, creative workspace, consultation room, boutique, or home-based business -- all without clients or customers ever needing to enter your main living space. It's the ideal setup for maintaining both professionalism and privacy.
Outside, the oversized corner lot adds even more value and versatility. The fully fenced yard with front and side gates provides security and functionality, while the drive-through carport and generous parking areas make access easy for personal vehicles, trailers, work trucks, or business clients. There's plenty of room here to truly make the property work for your lifestyle.
Additional features include: huge corner lot with excellent accessibility; fully fenced with solar light post caps and multiple gated access points; large slab for the addition of a future shed; drive-through carport; working irrigation pump; flexible floor plan with residential and business potential; excellent visibility and convenience near shopping, dining, and Tyndall AFB; rare zoning flexibility in a rapidly growing area!
This is more than just a remodeled home -- it's a smart lifestyle investment that gives you options, flexibility, visibility, and freedom all in one property....
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Home facts
- Year built:1959
- Listing ID #:790214
- Added:49 day(s) ago
- Updated:July 10, 2026 at 02:32 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
- Full bathrooms:2
- Rooms Total:7
- Kitchen Description:Electric Cook Top, Electric Oven, Electric Range, Electric Water Heater
- Living area:1,400 sq. ft.
Heating and cooling
- Cooling:CeilingFans, CentralAir
- Heating:Central, Electric
- Central air:Yes
Structure and exterior
- Roof:Metal
- Year built:1959
- Building area:1,400 sq. ft.
- Lot area:0.42 Acres
- Architectural Style:Ranch
- Construction Materials:Block
- Exterior Features:Patio
- Levels:1 Story
Schools
- High school:Rutherford
- Middle school:Rutherford Middle
- Elementary school:Parker
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$282,500
- Price per sq. ft.:$201.79
Features and amenities
- Amenities:ElectricCooktop, ElectricOven, ElectricRange, ElectricWaterHeater
Parking
- Parking description:Drive Through
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